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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (52592)	1/17/2019 9:51:02 AM
From: Goose94	Read Replies (1) of 202988

Bombardier (BBD.B-T) Airbus SE broke ground Wednesday on the A220 aircraft assembly line at its facility in Mobile, Ala., the first step in a $300-million (U.S.) construction project paid for by Bombardier. That amount makes up a chunk of the $925-million (U.S.) the Quebec plane-and-train maker could shell out by the end of 2021 under a partnership that saw Airbus take control of the C Series -- now known as the A220 -- last July without paying a penny. The event took place at the Airbus plant in Alabama, where assembly of the A320 passenger jet is under way. The French airplane giant said the project will create 400 factory jobs. Production of the narrow-body A220 is expected to start in the third quarter, whether or not plant construction is complete, in order to make the first deliveries in 2020. Airbus said the project will generate economic spinoffs for Quebec, forecasting that northern suppliers of the A220 will rake in about $400-million per month once the Mirabel, Que., and Mobile facilities are up. The two plants will churn out 10 aircraft and four aircraft a month, respectively. The A220 has 537 firm orders from 19 customers.

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